Stocks Soar as Odds of Jumbo Fed Rate Cut Increase

Dow Jones, S&P 500, and Nasdaq Post Gains

US stocks soared at the end of a promising week, with major indexes posting substantial gains. The Dow Jones Industrial Average climbed 0.5%, approximately 300 points, reflecting optimism among investors. The S&P 500 also rose 0.5%, while the tech-focused Nasdaq Composite increased by 0.7%, marking a fifth consecutive day of gains as tech stocks made a strong comeback. Over the week, the Nasdaq secured a remarkable 5% increase, its best performance this year. The S&P 500 and Dow Jones also experienced gains of 4% and 2%, respectively, as investor sentiment improved amid discussions around the Federal Reserve's upcoming decision on interest rates.